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Parent Issue
Day
16
Month
January
Year
1891
Copyright
Public Domain
OCR Text

ANNUAL STATEMENT For the Year Ending December 31, 1890, OF THB Financial Condltion and Affalrs OF THE Washtenaw Mutual Fire Insuranco Co., located at Ann Arbor City, Michigan. Organized January 1, 1890, under the laws ol the State of Michig-an, and doing business in the County of Washtenaw. Henry D. Platt, President. Wm. K. Childs, Sec'y andTreas.i P. O. Ann Arbor, Mich. MEBERSHLP. 1. Numb#r of Members Jan. lst, 1890 2,364 2. Number of Tnembers added in present year 139 3. Total 2,503 4. Number of members canoelled in present year 84 5. Number of members now belonging to companj 2,419 BISKS. 1. Amount of property at risk Jan. lst. 1890 $4,661,500 00 'l. Amount of risks added during present year 227,765 00 3. Total $4,889,266 00 4. Deduet risks oancelled in present year 134,805 00 5. Net amount now at risk ,. 84,754,460 00 RESOURCES. 1. Assessment of past year uncolleeted $ 134 14 2. Cash on hand 43 47 3. Capital stook of the oompany.. 4,754,460 00 4. Total available resources $4,754,637 61 LIABILITIES. 1. For losses due and payable $ 2 00 2. Due or to becoine due for borrowed money 600 00 3. For printing, salary, etc 60 00 4. Total liabilities 662 00 INCOME. 1. Collected on assessment of $2.50 per Í1.000 $ 11,599 23 2. Cash frommembership or policy feesT.: 1S1 9 3. Cash from added or cancelled insuranee 414 84 4. Cash from borrowed money per notes 9,850 00 5. Cash from old company per stampei! envelopes and stationery 30 00 6. Total recelpts and income ï 22,018 06 EXPENDITURES. 1. Paid forty-one losses (flre and lightning) 9 10,410 14 2. Paid notes, borrowed money. ... 9,250 0i' 3. Paid Interest on borrowed money 297 55 4. Paid incidental expense aect... 5 00 5. Paid postage account 118 30 6. Paid printing and stationery account 132 66 7. Paid collectors commission and expense 7169 8. Pala ref unded asaessment 100 9. Officers and assistanco 1,684 25 10. Total Paid during the year. . . . ï 21,972 59 Debt of deducting cash on band $ 556 53 STATE OF MICHIGAN, I .= County of Washtenaw. f BBl Henry D. Platt, President, and Wm. K Childs, Secretary, of Baid company, do, and each for himself doth depose and say, that they have read the above statement, and know the contents thereof, and that they have good reason to believe, and do believe, said statement to be true. Henry D. Platt, President. Wm. K. Childs, Seoretary. "Sworn and subscribed tobeforemeat Ann Arbor, in said State and County, this flfth day of Januaty, 1891. Geo.H.Pomd, Notary Public